What are the key rates the RBI uses? 

<p>The central bank tinkers with these five rates when it wants to affect the liquidity in the economy or control inflation.</p>

<p><strong>What are the key rates the RBI uses?</strong></p>

<p>The monetary policy is formulated, announced and reviewed by the central bank of the country; in India&#39;s case &ndash; the Reserve Bank of India, or RBI.To accomplish its monetary goals, the central bank can resort to various measures. A common one is Open Market Operations, or OMO. This is an activity by a central bank to buy or sell government bonds on the open market.Central banks also tinker will certain policy rates to impact the liquidity in the system and affect inflation.</p>